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PM orders joint action to combat sugar hoarding, tax evasion
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed key government agencies, including the Federal Board of Revenue (FBR), the Federal Investigation Agency (FIA), and the Intelligence Bureau, to take immediate and coordinated action to...
PKR sees slight dip against USD
KARACHI: The Pakistani rupee experienced a slight depreciation against the US dollar on Monday, falling by 0.07% in the inter-bank market. At the close of trading, the rupee stood at Rs 277.86, losing Re0.19 against the greenback. This decline comes...
KSE-100 index hits new record, closes just below 95,000
KARACHI: The Pakistan Stock Exchange (PSX) saw strong buying momentum on Monday, with the benchmark KSE-100 Index closing at a new record high, up by 232 points or 0.24%, at 94,995.67. The index briefly touched an intra-day high of 95,307.92 before a...
PM Shehbaz receives update on IMF talks, reviews Pakistan’s economic outlook
Prime Minister Shehbaz Sharif was briefed by the Ministry of Finance on the ongoing negotiations with the International Monetary Fund (IMF) during a meeting held on Monday to review Pakistan’s economic situation. The briefing provided updates o...
Pakistan, ADB sign $500mln loan agreement
ISLAMABAD: Pakistan has signed a $500 million loan agreement with the Asian Development Bank (ADB) under the Climate and Disaster Resilience Enhancement Programme. The agreement, aimed at improving the country’s ability to respond to climate-r...
Gold price rises by Rs1,400/tola
KARACHI: After a sharp decline in the previous session, gold prices in Pakistan saw a notable rebound on Wednesday, tracking the upward movement in international rates. The price of gold per tola rose by Rs1,400, settling at Rs271,900 in the local m...
Pakistani rupee appreciates marginally against USD
ISLAMABAD: The Pakistani rupee showed a slight improvement against the US dollar on Wednesday, gaining 0.03% in the inter-bank market. At the close of trading, the rupee settled at Rs277.85, marking an increase of Re0.08 compared to the previous day...
KSE-100 ends marginally higher amid volatile trading
KARACHI: The Pakistan Stock Exchange (PSX) saw volatile trading on Wednesday, with the KSE-100 Index closing with a modest gain of 131 points. After starting the session in the red, the index hit an intra-day low of 92,943.08 points. However, a wave...
FPCCI urges flat electricity tariff for all industries, seeks winter relief for SMEs
KARACHI: Ms. Qurrat Ul Ain, Acting President, FPCCI, has demanded that - while the apex body appreciates the announcement of winter package - the relief in the electricity tariff announced under it should be made available to small & medium enter...
Pakistan Railways faces 130pc surge in bogies’ import cost
ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...
